Events

Washington, D.C. - The Obama Administration’s plan to revise federal overtime regulations would likely “hollow out” low- and mid-level management positions in the restaurant and retail industries and result in a shift toward more hourly and part-time workers, according to a new National Retail Federation (NRF) report. The report, "Rethinking Overtime," found that the proposal could cost retailers millions of dollars in added costs and would disproportionally impact retailers operating in rural states.

Strong traffic continues to boost sales and profit at TJX Cos. Inc., which raised its annual guidance after reporting that earnings rose 4.5% in the first quarter.

The off-price retailer said that net sales for the first quarter ended May 2 increased 6% to $6.9 billion, and same store sales increased 5%. Net income for the first quarter was $475 million, and diluted earnings per share were 69 cents, an 8% increase over the prior year.

With a title like chief retail innovation officer, Kasey Lobaugh spends a lot of time peering into the future to assess where the retail industry is headed.

The principal with Deloitte Consulting did just that May 18 at Manhattan Associates annual Momentum conference where he elaborated on new research showing that digital interactions are expected to influence 64 cents of every dollar spent in retail stores by the end of 2015, or roughly $2.2 trillion.

The Obama administration’s plan to revise federal overtime regulations would likely “hollow out” low- and mid-level management positions in the retail industry and result in a shift toward more hourly and part-time workers, according to a new National Retail Federation (NRF) report.

New York – Shake Shack Inc. is reopening its original Madison Square Park flagship restaurant in New York on May 20. The new and improved Shake Shack store has the exact same look and feel, rebuilt to last for many years to come.

Corte Madera, Calif. - RH (Restoration Hardware Holdings Inc.) is reportedly planning to open a more than 70,000-sq.-ft. RH Gallery format store at the Tivoli Village upscale shopping center in Las Vegas. According to the Las Vegas Review Journal, the store would be the largest Restoration Hardware location in the U.S.

Lake Buena Vista, Fla. – Coming soon in Technicolor Walt Disney World resort will offer a slew of new shopping and dining options. Retailers including Zara, Tommy Bahama, Lilly Pulitzer, Uniqlo and Pandora are the latest to sign on as Downtown Disney continues its expansion into Disney Springs at Walt Disney World Resort.

The Walt Disney World Resort is doubling the size of its retail operation and adding some hot new tenants as part of a major expansion and rebranding of the shopping, dining and entertainment area known as Downtown Disney.

Disney Springs is the new name Walt Disney World Resorts is going with for the expanding waterfront retail operation in the Orlando suburb of Lake Buena Vista. Fashion retailers Zara, Tommy Bahama, Lilly Pulitzer, UNIQLO and PANDORA are the latest to sign on as Downtown Disney continues its expansion into Disney Springs at Walt Disney World Resort.

The retailer formerly known as Restoration Hardware has hired a chief real estate officer to lead the latest installment of its evolution into a "design gallery": a 70,000-square-foot store in Las Vegas.

A British charity has brought its highly successful fundraising event across the pond, with a lot of help from Walgreens.